Category: Education Loans

FILE – In this May 15, 2016 file photo, students embrace as they arrive for the Rutgers graduation ceremonies in Piscataway, N.J. ASSOCIATED PRESS The amount of student debt, in raw, cumulative dollars is unquestionably growing, inching above $1.5 trillion. As a result, you cannot find anyone in the press, punditry and political class who has not declared student debt a “crisis” or a “big problem” or a “warning sign” or something. Maybe it is. But it is not a bad investment. In fact, the incessant drum beat around a…

Over 44 million Americans carry student loan debt and almost the same number of people need to get a government-issued occupational license to work. And currently, 15 states allow licensing boards to revoke the occupational licenses of workers who fall behind on their student loan payments . This authority can extend to any job that requires a professional license—including teachers and nurses—putting millions of Americans in jeopardy of losing their jobs and falling into government dependency. Today, Senator Marco Rubio (R-FL) and Senator Elizabeth Warren (D-MA) announced that they are reintroducing the Protecting JOBS Act,…

While education is important, racking up student loans can put a big dent in your future savings.GETTY If you read the previous article about how and why to start saving for retirement in your twenties, you know how powerful of an effect time can have on your ability to compound your savings. If you haven’t read it, what are you waiting for? Time is of the essence. Saving money at a young age can be difficult for multiple reasons—minimum-wage jobs or entry-level salaries just cover your expenses, social pressures have you…

PM Modi addressing a public rally-Jan Aabhar Rally-in Dharamshala. New Delhi: Prime Minister Narendra Modi was in Dharamshala in Himachal Pradesh to mark a year of the BJP government in the state. PM Modi addressed a public rally-Jan Aabhar Rally-in Dharamshala. PM Modi also released a booklet on the achievements of the BJP government in Himachal Pradesh. Meanwhile, the opposition Congress observed December 27-the first anniversary of the BJP government in Himachal Pradesh-as “Nikamma Diwas”. The Congress demanded appropriate action against the BJP government by handing over documents of “scams” and “failures” of the…

For many millennials, the idea of homeownership is still a big picture dream, with a new study saying 89 percent plan to purchase a home in the future — but simply can’t because of student debt. According to a recent study released by Apartment List, 6,400 millennial renters nationwide were surveyed in regards to their plan for owning a home. Despite the majority of young people wanting to migrate away from renting, 48 percent have nothing saved for a down payment. One of the leading reasons, according to Apartment List,…

While India’s soured debt is still among the biggest in the world, fresh bad loan formation for the top five banks has leveled off By Anurag Joshi and Saloni Shukla India’s massive pile of bad business debt has kept asset-reconstruction companies busy in recent years. But as signs emerge that the supply of such assets may be leveling off, the nation’s largest buyer of bad loans is considering a rare move to start purchasing soured consumer debt. Edelweiss Asset Reconstruction Co. is setting up a team for that and seeks…

In their 2015 song “Stressed Out,” which got an astonishing 1.5 billion viewson YouTube, the band Twenty One Pilots had a line lamenting student loans. Atlantic writers Conor Friedersdorf and Megan Garber declared the song to be the anthem of the millennial generation. Many educated millennials would likely agree — since 2006, student debt has approximately doubled as a share of the economy: The increase seems to have paused in the past two years, possibly due to the economic recovery (which allows students and their families to pay more tuition out of current…

Americans owe $1.5 trillion in student loan debt. The average student owes nearly $37,000 when they graduate from college. Shane King owed $36,000 when he graduated from Auburn. “Got down there and didn’t realize the cost of living,” King said. The GI Bill covered his tuition, but he still had living expenses to cover. He tried to work three jobs to provide for his family while going to school. He couldn’t keep up with work and his studies, so he took out a student loan. It was a low interest…

New Hampshire has it all, from the beautiful beaches of Lake Winnipesaukee to world-class ski resorts at Mount Washington Valley. But New Hampshire also has student loans — lots of them. In fact, as of 2016, the state tied for the highest percentage of four-year college graduates with student debt in the country. Fortunately, students have a lot of options to secure financing for the Granite State’s colleges and universities, and so do graduates looking to refinance their New Hampshire student loans. This guide will help you understand the different…

Members of the American Federation of Teachers, the second largest teachers union in the U.S., filed a lawsuit against Navient, one of the the nation’s largest student loan servicers. If you have a student loan, there is a good chance that it may be serviced by Navient. Navient, which spun off from Sallie Mae, has more than 12 million customers and services more than $300 billion of government and private student loans. Here’s what you need to know and the action you can take. Navient Lawsuit: The allegations The lawsuit alleges that Navient…